Fintech firm Firenze has announced a partnership with Söderberg & Partners Wealth Management, a platform provider for UK independent financial advisers, to expand Lombard lending access to the mass affluent.
The firm said the partnership will “open up the benefits of private banking to mass affluent investors and enable them to borrow against the value of their investment portfolios without selling assets, disrupting investment plans and triggering capital gains, all while continuing to make gains from investment returns”.
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Firenze’s platform offers loans from £65,000, secured against clients’ investment portfolios, increasing liquidity for other investments.
Advisers will also benefit from increased speed of investment and improved portfolio performance following the partnership, the firms said.
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“Soderberg & Partners are one of the most exciting players in the UK wealth management market today and it is a real pleasure to partner with Nick and his team,’ said David Newman, chief executive of Firenze.
“They have a really innovative platform, have acquired some incredible firms and it’s great for their advisers and clients to now be able to benefit from Lombard lending.”
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Firenze said it aims to offer over £1bn in lending over the next three years.
